EM A Trend
Info
The EM A Trend is a Indicator for MetaTrader 5 that a simple indicator for fast plotting of two channels of moving averages calculated using high and low prices. This indicator has four input parameters:- Fast MA Period- Fast MA Method- Slow MA Period- Slow MA MethodOne channel is plotted as two moving averages with a specified period and calculation method, but at different prices: the top of the channel is MA by the high price, and the channel bottom is MA by the low price.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use EM A Trend
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
A simple indicator for fast plotting of two channels of moving averages calculated using high and low prices.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: ADX Auto Range: Automated Trend Strength and Consolidation Detection - another powerful indicator for MetaTrader 5 traders.
A simple indicator for fast plotting of two channels of moving averages calculated using high and low prices.Also recommended: Line Master: Advanced Trend Lines with Change Signals - similar indicator with strong performance on MetaTrader 5.
This indicator has four input parameters:
- Fast MA Period
- Fast MA Method
- Slow MA Period
- Slow MA Method
One channel is plotted as two moving averages with a specified period and calculation method, but at different prices: the top of the channel is MA by the high price, and the channel bottom is MA by the low price. The fast MA channel is plotted with blue lines, and the slow MA channel is plotted with red lines.
Fig.1. Periods 21 and 34
Fig.2. Periods 21 and 120
You may also like: Trend Buy/Sell Zones with Automated Lot Sizing and Risk Panel for MT5 - excellent alternative for indicator users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.